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20121201
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the election. >>> bank of america, merrill lynch predicts oil prices in this country will drop to $50 per barrel. the cause? difficulty in moving huge amounts of oil from the bakan oil fields in south dakota and in texas. they don't predict a corresponding drop in gas prices. world oil prices will stay high, and our gas prices will likely track that. >>> americans are upbeat about the economy. 43% of americans say they are optimistic about 2013 and believe the economy is rebounding, nearly twice as many as last year. >> can i ask? the other day, we were talking about the fiscal cliff. and you tell us it will be really, really bad. why does the market keep going up? >> everyone thinks they will fix it. in the market, the question, what will the top rate be for the highest earners. 37%? the market says there will be a deal and lower corporate tax rates. if there isn't a deal, after the first of the year, a big stock market sell-off. >> we'll talk about the 20 days left to the fiscal cliff, straight ahead. >>> still ahead, a prominent republican now officially a democrat. we'll take a closer
called "dear america" popped up online. he calls for the death of american troop serving in iraq. this was not long after the news of the slaying of a south korea hostage. i want to give you an idea of why this has struck such a chord with people. cnn was able to translate the words and they are pretty shocking. the song goes in part, k those f'ing yankees who have been torturing iraqi captives and goes on to say, kill them slowly and painfully as well as their daughters, mothers, daughter-in-laws and father. you can see why this is getting a lot of attention. he apologized on friday and said while it's important to share our opinions, i understand the sacrifices american servicemen and women have made for democracy and freedom in my country and around the world. he also added that the song was part of a deeply emotional reaction to the war in iraq and the killing of two korean school girls that was part of the overall anti-war sentiment shared by others around the world at the time. the school girls were struck and killed by a u.s. military vehicle. psy says he will forever be s
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